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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Okavango Diamond to conduct another auction next month

21 april 2017
Botswana Government’s wholly-owned Okavango Diamond Company (ODC) is set to conduct yet another rough diamond auction mid-next month with viewing of lots slated from 3 to 12 May.
Its last auction was held in March when it provided 294,553.06 carats for spot auction and 97,577.75 carats for term supply.
Spot supply refers to the number of similar lots offered in the auction while term supply refers to the number of corresponding sale lots supplied through term contracts.
ODC conducts an online auction following customer viewings of the sales lots at their offices in Gaborone.
With access to 15 percent of Debswana's run-of-mine production, ODC was said to be an “important” supplier to the market with sales in the region of $500 million per annum.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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